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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 28, 2024 | Sold | ||
| Sold | |||
| Sep 14, 2024 | In contract | - | |
| In contract | |||
| Sep 5, 2024 | Listed by Long & Foster Real Estate, Inc. | $535,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| | |||
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Beautifully updated waterfront home just 2 miles to the beach in the desirable community of Savannah’s Landing! This coastal retreat offers the convenience of one-level living and a desirable open floorplan with the living room flowing into the dining area and spacious updated kitchen with stainless steel appliances, crisp white cabinetry, and butcher block island. Featuring vaulted ceilings, LVP flooring throughout, and ample windows, this home is bright and airy. The primary bedroom offers 2 walk in closets, and an en-suite bathroom featuring an upgraded vanity with dual sinks and glass door shower. There are 2 spacious guest bedrooms, another full bathroom with upgraded vanity, and a laundry room. Enjoy your morning coffee on the charming screened porch and evening drinks on the deck that overlooks the lake and water fountain. The oversized garage offers plenty of storage space for all of your beach necessities. Offered fully furnished, this home is ready to be enjoyed or could be a great rental property. Situated on a large lake in one of Ocean View’s most popular communities and just steps to the pool, tennis, and pickleball courts, this is the ideal location for all of your future vacations!
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| Apr 27, 2021 | Sold | ||
| Sold | |||
| Dec 30, 2020 | Sold | ||
| Sold | |||
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About Ocean View
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017